Shares of Honeywell International Inc. (NYSE:HON) have been given a consensus rating of “Buy” by the twenty research firms that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $166.50.
A number of equities analysts have issued reports on the company. Stifel Nicolaus restated a “buy” rating and set a $165.00 price target on shares of Honeywell International in a report on Friday, February 16th. Cowen restated a “buy” rating and set a $168.00 price target on shares of Honeywell International in a report on Monday, January 22nd. Jefferies Group increased their price target on Honeywell International from $162.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, December 14th. Robert W. Baird restated a “buy” rating and set a $187.00 price target on shares of Honeywell International in a report on Friday, January 26th. Finally, Bank of America increased their price target on Honeywell International from $117.12 to $168.00 and gave the stock a “buy” rating in a report on Friday, January 26th.
In related news, Director Linnet F. Deily sold 2,886 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $147.71, for a total value of $426,291.06. Following the transaction, the director now directly owns 9,105 shares in the company, valued at approximately $1,344,899.55. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.56% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of HON. Schulhoff & Co. Inc. lifted its stake in Honeywell International by 1.8% during the 2nd quarter. Schulhoff & Co. Inc. now owns 11,440 shares of the conglomerate’s stock valued at $1,524,000 after acquiring an additional 203 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Honeywell International by 5.4% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 217,832 shares of the conglomerate’s stock valued at $29,184,000 after acquiring an additional 11,091 shares in the last quarter. AGF Investments America Inc. lifted its stake in Honeywell International by 3.6% during the 2nd quarter. AGF Investments America Inc. now owns 47,702 shares of the conglomerate’s stock valued at $6,358,000 after acquiring an additional 1,668 shares in the last quarter. BlackRock Inc. lifted its stake in Honeywell International by 2.8% during the 2nd quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock valued at $6,003,117,000 after acquiring an additional 1,207,893 shares in the last quarter. Finally, Prudential Financial Inc. lifted its stake in Honeywell International by 22.6% during the 3rd quarter. Prudential Financial Inc. now owns 2,267,295 shares of the conglomerate’s stock valued at $321,367,000 after acquiring an additional 417,770 shares in the last quarter. Institutional investors own 75.73% of the company’s stock.
Honeywell International (HON) traded down $0.29 during trading on Wednesday, hitting $154.05. The company’s stock had a trading volume of 4,054,504 shares, compared to its average volume of 3,520,000. The company has a market cap of $115,850.00, a PE ratio of 35.99, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96. Honeywell International has a 52-week low of $122.40 and a 52-week high of $165.13. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.38 and a quick ratio of 1.13.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.01. The firm had revenue of $10.84 billion for the quarter, compared to analysts’ expectations of $10.80 billion. Honeywell International had a return on equity of 27.27% and a net margin of 4.08%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.74 EPS. sell-side analysts expect that Honeywell International will post 7.97 earnings per share for the current fiscal year.
Honeywell International declared that its Board of Directors has initiated a share repurchase program on Friday, December 8th that permits the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization permits the conglomerate to purchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be issued a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Thursday, February 22nd. Honeywell International’s dividend payout ratio is currently 69.63%.
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About Honeywell International
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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